New reports are emerging that the Maltese government is planning to dissolve Air Malta later this year and transfer its remaining assets to a new airline. The plan, reported by local news outlet, The Shift, stated also that all of Air Malta’s workforce would be made redundant and new contracts would be drawn up for the new government-owned airline.
The plan was developed as hopes for a rescue package for the airline from the EU diminished. The news outlet suggests that Malta MedAir, which was set up in 2018 as a rival national airline by a former minister, could be used as the based for the new entity.
Malta MedAir is a fully-owned government company that currently has an Airbus A320 on its books and the lucrative Gatwick and Heathrow slots it bought from Air Malta, reports The Shift.